The primary focus of the Inflation Reduction Act of 2022 (IRA) is a collection of climate and energy tax credits and incentives intended to support domestic clean and renewable energy production. Some of these credits offer incentives that not-for-profits (NFPs) and governments can take advantage of. A key aspect of the IRA is a new “direct pay” feature, which will allow organizations to take advantage of tax credits even in the absence of federal income tax liabilities.During this webinar, our professionals will give an overview of the tax credits applicable to NFPs and governments, helping to illustrate the variety of opportunities available over the next few years. At a high level, they’ll discuss tax credits for producing electricity and adoption of electric vehicles and other tax incentives for energy-efficient building upgrades. They’ll also discuss the mechanics of the new “direct pay” feature.
By discussing these tax credits and opportunities, attendees will leave with an idea of what they may want to focus on and understand what some next steps may be.
Learning objectives:
- Develop an understanding of the tax credits and opportunities in the IRA available for not-for-profit organizations.
- Identify which IRA tax credits and opportunities may apply to your organization.
- Form a high-level plan and determine the next steps for using the tax credits and opportunities.
